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Ibeatyouraces
Ibeatyouraces
Joined: Jan 12, 2010
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October 21st, 2011 at 8:30:32 PM permalink
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DUHHIIIIIIIII HEARD THAT!
Ibeatyouraces
Ibeatyouraces
Joined: Jan 12, 2010
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October 21st, 2011 at 8:40:59 PM permalink
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DUHHIIIIIIIII HEARD THAT!
nvmikey
nvmikey
Joined: Oct 7, 2011
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October 21st, 2011 at 8:41:50 PM permalink
I have seen this at the Silver Slipper in Bay Saint Louis, MS, they have a $1.00 game for a .25 commission per hand. Table max is $10, if you play max no commission. Horrible.

I do not know the other rules, I didn't give it a 1 second thought.
Ibeatyouraces
Ibeatyouraces
Joined: Jan 12, 2010
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October 21st, 2011 at 8:56:39 PM permalink
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DUHHIIIIIIIII HEARD THAT!
FleaStiff
FleaStiff
Joined: Oct 19, 2009
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October 21st, 2011 at 10:02:09 PM permalink
Too broke to bet five dollars or whatever the minimum bet is?

Are these players who pay .25 commission to bet 1.00 aware of what they are doing? All he is going to win is 1.00?

Is it one of these "only game in town" situations?
MarkAbe
MarkAbe
Joined: Oct 23, 2010
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October 21st, 2011 at 11:35:58 PM permalink
The Wizard's calculator for 6-deck, H17, DOA, DAS, RSA, no surrender, 6:5, gives 1.93054% house edge using basic strategy.
I'm no Wizard but it seems that adding an extra 25% house rake on every $1.00 bet adds 25%, for a total of 26.93%.
I'd also guess that nobody playing at these odds is using correct basic strategy, so they are probably looking at more like 30% HE.

I'd say these poor people are better off playing Keno.
1BB
1BB
Joined: Oct 10, 2011
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October 22nd, 2011 at 3:07:39 AM permalink
Some Atlantic City casinos have been doing this for years. At 60 hands per hour, you are renting the chair for $15 an hour. There is no way to recoup that.
Many people, especially ignorant people, want to punish you for speaking the truth. - Mahatma Ghandi
FleaStiff
FleaStiff
Joined: Oct 19, 2009
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October 22nd, 2011 at 5:28:17 AM permalink
Quote: 1BB

Some Atlantic City casinos have been doing this for years. At 60 hands per hour, you are renting the chair for $15 an hour. There is no way to recoup that.

Why do people do it then?
DJTeddyBear
DJTeddyBear
Joined: Nov 2, 2009
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October 22nd, 2011 at 5:44:40 AM permalink
Quote: FleaStiff

Why do people do it then?

People are only interested in the low price and since they expect to lose anyway, they believe this allows them to lose slower.

As far as the edge goes, I may be wrong here but I do not think you add 25% based on a .25 vig on a $1 bet. Since you win around 45% of the time, and you're essentially betting $1.25 to usually win $1.00, it's a 20% vig of a 45% chance, or about a 9% addition to the edge.

Mind you I'm not really sure if that's how to calculate it. And I still think that's a stupid way to play...
Superstitions are silly, childish, irrational rituals, born out of fear of the unknown. But how much does it cost to knock on wood? 😁 Note that the same could be said for Religion. I.E. Religion is nothing more than organized superstition. 🤗
Tiltpoul
Tiltpoul
Joined: May 5, 2010
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October 22nd, 2011 at 5:49:54 AM permalink
Quote: FleaStiff


Is it one of these "only game in town" situations?



I haven't been up to Detroit in a while (I think it's been at least a year, probably a bit longer). MGM Grand is a nice looking casino, but it's in the heart of downtown Detroit. They have a REALLY big problem with panhandling in the casinos, and security there is always on the lookout for such people. Being a downtown casino, they can offer super high table minimums, because they know players have nowhere else to go (it used to be easy to hop the pond into Canada, but now they require a passport).

As pointed out, AC has been doing this, mainly in the smaller casinos. There, if you bet $5 or more on those tables, you don't have to pay, and you still get 3:2 and not so horrible rules. I think it's an easy way to hide the fact that there are $5 tables out there.
"One out of every four people are [morons]"- Kyle, South Park

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